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SSFC researchers appointed Observers of ICMA’s Advisory Council of the Green, Social Sustainability Bond Principles

Gregor Vulturius, Head of Operations and Engagement, SSFC and Aaron Maltais, Program Director, SSFC, have been appointed by the International Capital Market Association, ICMA as Observers on the Advisory Council of the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines. 
The Advisory Council of the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, together referred to as the “Principles”, have become the leading framework globally for issuance of green-, social- and sustainability bonds. Unlike regular bonds, green, social and sustainability bonds are any type of bond instrument where the proceeds will be exclusively applied to eligible environmental and/or social projects.
The appointment of SSFC researchers to the Advisory Board of the Principles is the result of the Centre’s years-long scientific research and active engagement in the green, social and sustainability bond market. SSFC has published leading research on bonds related to sustainable development, climate change adaptation, development finance and urban development. Since 2017, SSFC’s Gregor Vulturius and Heidi Tuhkanen have also been member of the Expert Network on Second Opinions on green bond frameworks. 

I am very proud to be chosen as the main representative of SSFC and the Stockholm Environment Institute and I am looking forwarding to working with the other Members and Observers of the Advisory Board. I will focus my contribution on supporting ICMA in developing clear guidelines how green, social and sustainability bonds can support industry transition and reduce deforestation and biodiversity loss. Based on our work in SSFC, I will also support ICMA in growing the green bond market in developing countries.

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Gregor Vulturius

Head of Operations and Engagement

Since the first issuance of a green bond by the World Bank in 2008, the market for green, social, and sustainable bonds has grown to well over USD 1 trillion. Much of this growth can be attributed to ICMA’s pathbreaking work in developing the Green Bond Principles. These principles was launched in 2014 and consist of four core components: the use of proceeds, the process of project evaluation and selection, the management of proceeds and reporting. The Social and Sustainability Bond Principles follow the same structure.
Senior Research Fellow, Stockholm Environment Institute (SEI)
Aaron Maltais
Program Director
Gregor has a background in spatial planning, climate change adaptation and mitigation and disaster risk management.
Gregor Vulturius
Head of Operations